All Forum Posts by: Andrea Hardaway

 Hi Benita - 

Happy to chat with you and share more!  Feel free to connect and message me. 

~ Andrea 

Units are still moving pretty quickly for us.  Those with higher rent rates ($1500+) are going to take a little longer, but the other residential units are getting multiple applications. 

That being said, where you market the property really matters.  We are a larger PM company.  So, our listings are syndicated in multiple places.  We also have applicants who wait for new listings to drop.  

So , with good marketing and showing rates, 2-4 weeks should be very reasonable for a moderately priced residential unit. 

• Foundation / Structural 
• HVAC
• Roof
• Appliance updates
• Major plumbing
• Major electrical

Units are still moving pretty quickly for us.  Those with higher rent rates ($1500+) are going to take a little longer, but the other residential units are getting multiple applications. 

That being said, where you market the property really matters.  We are a larger PM company.  So, our listings are syndicated in multiple places.  We also have applicants who wait for new listings to drop.  

So , with good marketing and showing rates, 2-4 weeks should be very reasonable for a moderately priced residential unit. 

Is this a commercial rental or a residential property?

I'm in Chattanooga.  Commercial investor, developing downtown, and own a property management company.

You're welcome.  I'm always in the market for a deal if it meets my investment and geographic criteria. 

I know this is an older thread, but I had to chime in. When I was starting out, I invested $3,500 in a mentorship program. The ONLY thing I got out of it was to join the local RIEA. Once I joined the REIA, I learned everything I needed (that had very cheap and free training). I also joined the Board (before making my first RE deal). Fast forward 6 years, I am an active REI in the commercial space. I also started a property management company with 2 other REIA Board Members. The company is over 6 years old now and doing well.

In summary, my best experience came from building local relationships...  The best return on my money has come from investing in deals.  

Now that  I am more experienced, I am looking to join Masterminds with other experienced investors...  The benefit of that is the relationship-building alongside refining my existing investment strategy.

I started investing and launched a property management company with 2 very experienced investors around the same time.  I was a full newbie... didn't even know what property management was at the time.  OurPMC actually rented a space in the commercial building I was partnered in purchasing.  It's been a win-win all around.  That was 6 years ago.  Today, I've done multiple investment deals (acquisitions, private lending, new construction) and recently became the Managing Partner of the property management company.  

Have the PMC is supercharging my ability to invest, because I am making new connections and also have a team in place to manage the investment if needed, 

I am a commercial investor. It was quite the learning curve in the beginning, but things are getting better. The biggest thing is to spread risk as much as possible. I push for NNN leases with 5-10 year leases and annual rent increases. I also seek out multi-tenant buildings, to ensure a vacancy doesn't completely turn a "good" investment upside down!